Please. Sell your Gold NOW! It's a trap.

One thing that I've wondered for a while: if paper money is on the verge of being worthless then why would companies that sold gold accept paper
money as a method of payment? The companies that sell gold (for example, goldline) try to convince people that gold will be the only valuable means of
exchange after an economic collapse, while at the exact same time they're giving away all of their valuable gold and absorbing as much worthless
paper money as they possibly can. Sounds fishy

Originally posted by Griffo
One thing that I've wondered for a while: if paper money is on the verge of being worthless then why would companies that sold gold accept paper money
as a method of payment? The companies that sell gold (for example, goldline) try to convince people that gold will be the only valuable means of
exchange after an economic collapse, while at the exact same time they're giving away all of their valuable gold and absorbing as much worthless paper
money as they possibly can. Sounds fishy

Because they are running a "for-profit" business. They probably do buy personal gold with their profits.

For the same reason, everyone goes to work everyday, which is to earn a living. They are buying and selling Precious Metals as their job or source of
income. Just like I buy gold/silver, but I have to have an income in order to purchase that gold/silver. You cant pay your bills or send your kids to
college buy buying PM's and holding them for 10-20 years without another source of income.

A dealer or wholesaler of anything, generates revenue by turning over as much product as they can as quick as they can.

Why do drug users sell drugs? They could just buy drugs and do them all up and not sell to anyone. But they dont. They buy and sell drugs in order to
make enough money to buy more drugs or sell enough to get their drugs for free.

Investors buy and hold. Dealers or wholesalers who want to earn an income off gold/silver buy and sell to the public and make revenue on the
spread.

Interesting thread and obviously it has tempted me to comment even though I have grown again tired of the BS this site/forum has devolved down to.

So okay, let me clue you in. First, the gold I had was bought just after 9-11 due to my desire to be liquid in case I decided to leave the USA, which
I have but timing is of course everything. The Gold I bought for in the $400 range became a heavier burden as the price went above $1,000 but I have
held on pending the inevitable crash of the dollar, at which time I have a buyer who will take all I have at the then market price. I am not you and
the fact in most of your cases you should no longer be spending your money on gold and should in fact be selling what you have privately and buying
things you can not do without. Why? because the price of all commodities is going through the roof, particularly food. If you have not been stock
piling food and Depression Barter Items (Booze, Cigarettes, Coffee..things people will always want and will trade for) you are a fool. Having a few
coins of gold and silver is fine but if your walls are not stacked high with things you use, need and can trade with; if you are not prepared to be
totally independent, you're a fool because all of this is coming down..the End of October.

ETF's are worthless pieces of paper where the banksters have sold the same gold holdings a hundred times over. If owners of ETF's demanded
"physical" delivery then the game would be up! Soro's made his money and now with Chavez of Venezuela requesting delivery of 90% of physical gold
holdings be shipped back to Venezuela JP Morgan bank will be scrambling to cover ETF obligations - essentially it does not hold enough gold in its
vaults to cover Chavez's request and support the ETF market.

ETF's are an Enron type scam - beware if you are invested in them. Demand delivery at maturity or sell and get actual delivery as soon as
possible.

Physical Gold and Silver are not the "bubble" worthless investments oversold called ETF's are most definitely ready to burst as a bubble when all
realize not enough product exists to support the market value of ETF's

Physical holders will see their holdings increase while "paper" holders will lose their proverbial butts.

How I try to figure this out is by listening to the message of the markets. Now, it´s a matter of historical record that the price of money (debt) is
close to a 100 year high. At the same time gold and other similar collectables that are supposed to guard against the devaluation of what is at an all
time high - are also at an all time high. Something is obviously seriously off here. What will give? Time will tell.

Sorry to say your wrong!!!! Right now China and India are buying tons of GOLD and selling their American dollars!!! They are most of the world we are
not!! What we do in the US means very little on a Global scale... China has more American dollars then we do and they are selling it all!! China
and other countries want us to fail!! Buy Oil,Gold, land and other natural resources!! Buy Guns too!!!

It´s just propaganda. The world is swimming in oversupply and overcapacity and endless supply of dirt cheap labor. The 100-year high price of money
clearly reflects these stupendous deflationary forces.

The problem with this argument is the fact that the price of money (debt) is currently at a hundred year high. This is a result of extreme
technological advances (a wave that will keep rising for decades to come) incredible oversupply of everything, almost unfathomable overcapacity and
totally endless supply of cheap labor. I´m sure that it´s difficult for people that have been brainwashed into the shortages/inflation/Mad Max
apocalypse to grasp the power of these deflationary forces.

The money supply has been increased tremendously, and fast. It's almost like we are frantically looking to see how fast we can get inflation to the
10% mark. BTW, gold hasn't hit it's inflation adjusted equivalent of $2100 ( set approx in 1980). Many experts think gold is heading up to $10,000
an ounce within 2-4 years. The main problem we have is that money supply grew so much. Inflation is not far behind.

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